Utz Brands (NYSE:UTZ) Reaches New 1-Year Low – Time to Sell?

Utz Brands, Inc. (NYSE:UTZ) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.07 and last traded at $7.1210, with a volume of 196387 shares changing hands. The stock had previously closed at $7.39.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UTZ. BTIG Research began coverage on shares of Utz Brands in a report on Monday, April 13th. They issued a “buy” rating and a $10.00 target price for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a report on Friday, March 27th. UBS Group dropped their target price on shares of Utz Brands from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Tuesday, April 7th. TD Cowen dropped their target price on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a report on Monday, April 20th. Finally, DA Davidson set a $15.00 target price on shares of Utz Brands in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.06.

Utz Brands Price Performance

The company has a 50 day moving average price of $7.77 and a 200-day moving average price of $9.34. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -69.94, a P/E/G ratio of 2.63 and a beta of 0.87.

Utz Brands (NYSE:UTZ) last announced its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $361.30 million for the quarter, compared to the consensus estimate of $361.77 million. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, equities research analysts predict that Utz Brands, Inc. will post 0.78 EPS for the current fiscal year.

Utz Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Monday, April 13th were paid a $0.063 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a $0.25 annualized dividend and a dividend yield of 3.6%. Utz Brands’s dividend payout ratio is presently -250.00%.

Institutional Investors Weigh In On Utz Brands

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Utz Brands by 21.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,998,089 shares of the company’s stock valued at $15,824,000 after buying an additional 355,460 shares during the period. Copeland Capital Management LLC increased its stake in shares of Utz Brands by 17.8% in the first quarter. Copeland Capital Management LLC now owns 4,063,561 shares of the company’s stock valued at $32,183,000 after buying an additional 613,699 shares during the period. Bessemer Group Inc. increased its stake in shares of Utz Brands by 18.1% in the first quarter. Bessemer Group Inc. now owns 42,344 shares of the company’s stock valued at $335,000 after buying an additional 6,481 shares during the period. Diversify Wealth Management LLC increased its stake in shares of Utz Brands by 23.6% in the first quarter. Diversify Wealth Management LLC now owns 20,628 shares of the company’s stock valued at $160,000 after buying an additional 3,936 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Utz Brands in the first quarter valued at about $424,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

About Utz Brands

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.